European markets drop, gold rises as Greenland tariff threat looms [Yahoo! Finance]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: Yahoo! Finance
At around 10am CET, France's CAC 40 had slipped 1.28%, Germany's DAX was down 1.02%, and the UK's FTSE 100 dropped 0.27%. Spain's IBEX 35 fell 0.59% and Italy's FTSE MIB slid 1.43%. Meanwhile, the wider STOXX 600 fell 0.87%. European leaders will meet this week to decide how best to respond to threats from US President Donald Trump to acquire Greenland, a semi-autonomous Danish territory. Washington announced on Saturday that eight European countries would face a 10% tariff on their US exports from 1 February unless they support the US' proposal to purchase Greenland. This rate will rise to 25% in June if no deal is reached. Specifically, the threat targets Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland. Standing firm in their support for Greenland's right to self-determination and Denmark's sovereignty, EU member states are weighing their options. One possibility is the use of retaliatory tariffs on €93bn of US goods, a measure that was floate
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